The price cap level will be lowered to £1,923 from 1 October. If you're craving price certainty on your energy bills, run an energy comparison to see fixed deals that are currently available by entering your postcode below.
Do consider exit fees. You may change your mind about your fixed deal and want to switch. If this happens after your 14-day cooling-off period, you might have to pay an exit fee. Not all tariffs have them but most do, so make sure you know whether yours does.Â
Do consider the length of the deal. Most deals are for 12 or 24 months. During this time the price cap could rise or fall depending on market conditions, so consider how long you would like to stay locked in for.Â
Do stay informed. It’s important to keep a close eye on the market and run regular comparisons to see what deals are on offer. By signing up to alerts, you will be able to stay close to what’s happening in the energy market and be informed when a good deal comes along.Â
Don’t get a deal you can't afford. Make sure you can afford the deal you choose to take and do not feel pressured into taking one that you will struggle to pay for.Â
Don’t just look at the direct debit amount. The price you pay through Direct Debit each month is usually based on the estimated amount you will use over a year and may not be the actual cost. Make sure you look at the unit price and standing charge so you can understand how much you will be charged for your energy usage and how it differs from what you are currently paying.
Find out more about fixing your energy deal here.